ASML (NASDAQ:ASML) Stock Price Down 4.3% – Here’s What Happened

Shares of ASML Holding N.V. (NASDAQ:ASMLGet Free Report) fell 4.3% during mid-day trading on Tuesday . The company traded as low as $1,775.70 and last traded at $1,802.98. Approximately 1,503,055 shares were traded during trading, a decline of 19% from the average daily volume of 1,860,161 shares. The stock had previously closed at $1,883.12.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Sanford C. Bernstein upped their price target on shares of ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Wall Street Zen cut shares of ASML from a “buy” rating to a “hold” rating in a report on Saturday. DZ Bank upgraded ASML from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Susquehanna restated a “positive” rating on shares of ASML in a research note on Tuesday, June 30th. Finally, Zacks Research cut ASML from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Four investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,970.33.

View Our Latest Analysis on ASML

ASML Stock Down 4.2%

The firm has a market capitalization of $709.15 billion, a PE ratio of 56.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.79. The business has a 50-day moving average price of $1,784.33 and a 200-day moving average price of $1,571.25. The company has a quick ratio of 0.80, a current ratio of 1.33 and a debt-to-equity ratio of 0.09.

ASML (NASDAQ:ASMLGet Free Report) last released its quarterly earnings results on Sunday, June 28th. The semiconductor company reported $8.65 EPS for the quarter. The firm had revenue of $10.64 billion for the quarter. ASML had a net margin of 30.11% and a return on equity of 52.71%. Equities research analysts forecast that ASML Holding N.V. will post 44.85 earnings per share for the current fiscal year.

ASML Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Tuesday, July 28th were paid a dividend of $2.1507 per share. This represents a $8.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 28th. ASML’s payout ratio is presently 22.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Financial Management LLC acquired a new position in ASML during the fourth quarter worth approximately $26,000. Binnacle Investments Inc grew its holdings in shares of ASML by 78.9% in the 2nd quarter. Binnacle Investments Inc now owns 34 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 15 shares during the period. Resources Management Corp CT ADV increased its stake in ASML by 1,150.0% in the 4th quarter. Resources Management Corp CT ADV now owns 25 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. North Star Investment Management Corp. increased its holdings in ASML by 68.8% during the 4th quarter. North Star Investment Management Corp. now owns 27 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Finally, Jessup Wealth Management Inc purchased a new position in ASML during the fourth quarter worth $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.

ASML Company Profile

(Get Free Report)

ASML Holding N.V. (NASDAQ: ASML) is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML’s product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

Further Reading

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